Eva invests $6400 in a new savings account which earns 3.4 % annual interest, compounded continuously. What

Mathematics

1 answer:

cupoosta [38]3 years ago

7 0

Answer:

$7821.74

Step-by-step explanation:

Eva invests $6400 in a new savings account which earns 3.4% annual interest, compounded continuously.

We have to find the value of her investment after 6 years,

Now, using the formula for the compound interest we can get the value of her investment.

So, it will be $V = 6400 (1 + \frac{3.4}{100} )^{6} = 7821.74$ Dollars (Approximate)

{Rounded to the nearest cent} (Answer)

You might be interested in

1. The county fair charges $1.25 per ticket for the rides. Jermaine bought 25 tickets for the rides and spent a total of $43.75

ryzh [129]

If this were to be graphed, the independent variable would be the price of the ticket for the rides. The dependent variable would be the total cost.

The fair admission is not a variable because it is a constant price for every single person who goes into the fair.

The problem asks to use y to represent the total cost and x to represent the number of ride tickets. In order to fully write out the equation, we have to figure out what the fair admission costs.

43.75 = 1.25(25) + b

*b represents the fair admission

Multiply 1.25 by 25

43.75 = 31.25 + b

Subtract 31.25 to find what b costs.

12.50 = b

The fair admission costs $12.50.

Solution: y = 1.25x + 12.50

3 0

2 years ago

Read 2 more answers

PLEASE HURRY!!!

RoseWind [281]

terms is x first then terms in y and constant after the equals

Its C

4 0

3 years ago

Linda thinks of three integers. Added two at a time their sums are 80, 93, 87. What are the integers?

FinnZ [79.3K]

Answer:

They are 9, 5 and 8